The grant of bonuses
has also been tied to GOCC performance.
Before the TRAIN was signed into law three years ago, only bonuses
not exceeding P30,000 were tax-exempt.
"According to our estimate, 61 percent of all employees received bonuses
in 2017," The Council writes, as quoted by the SITA newswire.
The 2,800 provincial government employees will receive P45,000 in bonuses
each after the Sangguniang Panlalawigan approved the grant of an additional bonus requested by Governor Alfredo MaraAaAaAeA~on Jr., which is P5,000 high than last year.
are given in lieu of across-the-board raises, because those upset department budgets," said Tyler Sheldon, head of government relations for the Texas State Employees Union, which represents 11,000 employees.
Companies are providing additional funds to their employees at the end of the year, mainly for Christmas, 66% of those planning to make bonuses
. For 16%, bonuses
are the good financial condition of the companies, 11% of the bonuses
are both the holidays and the successes of the companies.
Despite the hike, financial bonuses
failed to return to its pre-crisis peak, when the figure hit PS18.4bn in 2008.
Since New Hampshire law considers bonuses
to be wages, employers must inform employees in writing at the time of hire of their eligibility for any bonus, along with their rate of pay and other terms and conditions of employment.
Zong has announced and disbursed multiple cash reward bonuses
to all of its employees in Dec 2016 and Jan 2017 due to the excellent operational performance of the organization in 2016.
MORE than PS44bn was paid out in bonuses
in the last financial year - the highest figure on record.
Both casinos are offering special bonuses
For others, it had its challenges where some financial institutions experienced the full wrath of the regulator which directly impacted bonuses
His bowl bonuses
escalate to $100,000 for a New Year's Six game, $175,000 for the College Football Playoff and $200,000 for the national title game.
"Many expats look forward to tax-free bonuses
when they move to the UAE with the intention to save and secure their financial future.